Speaking at the Insurance-Reinsurance Forum organized by Media Xprimm, Negritoiu said market predictability has increased and the combined ratio is expected to reach nearly 100% by the end of 2016, a level at which costs are equal to expenses.
The average tariff paid by Romanian drivers in 2015 for RCA insurance policies reached a five-year high, of RON656.7, according to ASF.
Insurance companies in Romania paid overall damage claims of nearly RON2 billion in 2015.
The combined ratio is the ratio between expenses and damage claims and underwritten premiums, an indicator monitoring how well a company set prices in ratio with expenses.